What is Ecosystem?
In the business world, an ecosystem refers to the complex network of companies, partners, customers, and competitors that are all connected to your business. It's the idea that no company operates in a vacuum. Your success is influenced by the relationships you have with everyone in your industry. A healthy partner ecosystem is one where different types of partners—like resellers, technology partners, and consultants—all work together to create more value for the end customer. The focus is on collaboration and mutual benefit, rather than just a simple, one-to-one transactional relationship.